Multiple failures on Anadarko

It has been reported that Anadarko are plugging their test well in the Taranaki Basin. They found some oil and gas but didn’t consider the finds commercially viable.  Stuff reports:

Texan oil company Anadarko says it has found no commercially viable oil or gas in its deep-sea well in the Taranaki Basin.

“It’s a disappointment, but this is by far the most frequent outcome in exploratory drilling,” Anadarko New Zealand’s corporate affairs manager Alan Seay said.

So nothing abnormal about that.

But Karol blogs at The Standard:

So, the whole big plan for the Key-led NZ Inc, has just become a bit of a fizzer.

“In terms of the drilling operation, the ship performed above and beyond expectations,” Seay said.

So great endeavor by the ship, a big fail for NZ’s economic and energy policy.

Perhaps Karol didn’t read everything she quoted. All of New Zealand’s economic and energy policy did not ride on the results of one test well. In fact Karol acknowledges this:

So, undeterred, Anadarko is going for more fail in the Canterbury basin.

Where Shell have said there is a 30% change of a commercial gas find – they expect only one in three test wells to be successful.

So an apparent failure by Karol to understand the oil/gas industry. But it’s not just (Green supporter) Karol. Gareth Hughes’ in ‘Deep sea drilling is not our future.‘ :

The National Government has been rolling out the red carpet to the oil and gas industry, but rather than picking a winner, it has picked a loser and New Zealanders are worse off for it.

To make sure that New Zealanders have good jobs, the Government should turn around the manufacturing crisis, which has seen 40,000 manufacturing jobs lost since National came to power.

There is no manufacturing crisis. Greens and Labour tried to manufacture a ‘crisis’ but that failed, it has been dis-proven by optimistic reports from the manufacturing sector.

And there’s more failure:

National’s big economic “strategy” for the past six years has been to gamble on finding oil. As part of their bet they’ve sold our right to protest to foreign oil companies and played Russian roulette with our beaches. And now that gamble has failed.

So that’s National’s entire economic plan gone. They had one idea to boost economic growth (I’m not going to say “raise living standards” because that includes clean beaches), and it has failed. What are they going to do now? Pray for a pot of gold to fall out of the sky? Oh wait, that’s what they were already doing…

Anadarko are moving on the test drill in another part of our economic zone.

Shell have announced plans to test drill.

Tag Oil are investigating in the east of the North Island.

One non-commercial well does not a make it a total failure for exploration, and it’s absurd to claim it’s a failure for our economic policy.

No Right Turn:

There are cleaner ways to earn a living than polluting the oceans and baking a planet. And we desperately need a government which will pursue them. National seems incapable of it. Time to toss them out and get someone better.

No surprise that it’s political.

Everyone wants more clean energy, and cleaner energy (ironically gas is cleaner energy than oil and especially coal but the Green team are against everything that comes out of the ground).

But the Greens have failed to provide any convincing evidence of what grand clean energy possibilities there are apart from pie in the sky predictions.

Alternative energies are still mostly very expensive compared to fossil fuels. That’s why they are not taking the world by storm.

One Anadarko well has failed.

The whole Green alternative has failed to materialise into anything credible.

It’s certain we will still need substantially amounts of fossil fuels for some time if we want to sustain a New Zealand that most people want.

If Green energy alternatives suddenly become economically viable then great, we should go for them. But in the meantime we have to go with what we’ve got and push for a transition that won’t destroy our economy.

 

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